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Post# of 704041
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Zeev Hed

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Zeev Hed

Re: Tim Lamb post# 41008

Friday, 11/01/2002 4:04:44 PM

Friday, November 01, 2002 4:04:44 PM

Post# of 704041
Actually, quite a lot of their assets are building and machinery (in metallurgy, machinery lives three times as long as the depreciation rate), and they have accumulated some $230 MM in depreciation or so (from memory), the real value of their hard assets is probably higher than the stated value.

Zeev

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